Ganso (SHSE:603886) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
Ganso (SHSE:603886) Stock Performs Better Than Its Underlying Earnings Growth Over Last Five Years
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the Ganso Co., Ltd. (SHSE:603886) share price is up 22% in the last five years, that's less than the market return. But if you include dividends then the return is market-beating. Zooming in, the stock is up a respectable 15% in the last year.
如果你購買並持有一隻股票多年,你就有希望盈利。此外,你通常希望看到股價上漲的速度快於市場。對股東來說不幸的是,雖然甘索股份有限公司(上海證券交易所:603886)股價在過去五年中上漲了22%,低於市場回報率。但如果計入股息,回報就會超過市場。放大來看,該股在過去一年裡上漲了15%。
Since it's been a strong week for Ganso shareholders, let's have a look at trend of the longer term fundamentals.
由於本週甘索股東表現強勁,讓我們來看看較長期基本面的趨勢。
View our latest analysis for Ganso
查看我們對甘索的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
雖然有效市場假說繼續被一些人傳授,但事實證明,市場是過度反應的動態系統,投資者並不總是理性的。評估圍繞一家公司的情緒變化的一個有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
During five years of share price growth, Ganso achieved compound earnings per share (EPS) growth of 0.4% per year. This EPS growth is slower than the share price growth of 4% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth.
在股價增長的五年中,甘索實現了每股收益(EPS)每年0.4%的復合增長。這一每股收益的增長慢於同期股價每年4%的增長。這表明,這些天來,市場參與者對該公司的評價更高。考慮到增長的記錄,這並不令人震驚。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖描述了EPS是如何隨著時間的推移而變化的(通過單擊圖像來揭示確切的值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231028/0-4dbe7d08803f5903a1ca22e70265399c-0-6c5fc1e5c24d9470493db6919b3be43d.png/big)
This free interactive report on Ganso's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
這免費如果你想進一步調查甘索的股票,關於甘索收益、收入和現金流的互動報告是一個很好的起點。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Ganso, it has a TSR of 58% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。公平地說,TSR為支付股息的股票提供了更完整的圖景。以甘索為例,它在過去5年的TSR為58%。這超過了我們之前提到的它的股價回報。而且,猜測股息支付在很大程度上解釋了這種差異是沒有好處的!
A Different Perspective
不同的視角
It's good to see that Ganso has rewarded shareholders with a total shareholder return of 21% in the last twelve months. And that does include the dividend. That's better than the annualised return of 10% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Ganso , and understanding them should be part of your investment process.
很高興看到甘索在過去12個月裡為股東帶來了21%的總回報。這確實包括了股息。這比過去五年10%的年化回報率要好,這意味著該公司最近的表現更好。鑑於股價勢頭依然強勁,仔細觀察這只股票可能是值得的,以免錯過預期和機會。雖然值得考慮市場狀況對股價可能產生的不同影響,但還有其他更重要的因素。例如,考慮一下無處不在的投資風險幽靈。我們已經確定了1個警告信號與甘索合作,瞭解他們應該是你投資過程的一部分。
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
對於那些想要找到贏得投資這免費最近有內幕收購的不斷增長的公司名單可能就是合適的選擇。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所交易的股票的市場加權平均回報。
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對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.